Refer to the data in Exercise 8-31. Compute the cost of goods transferred out and the ending

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Refer to the data in Exercise 8-31. Compute the cost of goods transferred out and the ending inventory using the weighted-average method.

Data From Exercise 8-31:

The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day:

                                    

Quantity information is obtained from the manufacturing records and includes the following:

                                    

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Fundamentals of Cost Accounting

ISBN: 978-1259565403

5th edition

Authors: William Lanen, Shannon Anderson, Michael Maher

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